REAL ESTATE
Santa Ana Apartment Development Sells for $101M
228-Unit Project Opening This Year
A 228-unit apartment project under construction in Santa Ana has sold for north of $100 million to a private investment firm.
Invesco Lists 2 Aliso Offices
169,315 SF Along Polaris Way
The local office of Dallas-based Invesco Real Estate is selling part of its office holdings in Aliso Viejo.
Mitsubishi Selling Cypress HQ
178,000-SF Building Is Second Largest in City
Mitsubishi Motors is selling its Cypress headquarters as part of its relocation to Tennessee.
TRI Pointe CFO Grubbs to Retire
Irvine-based TRI Pointe Group Inc. (NYSE: TPH) said Monday its chief financial officer, Mike Grubbs, will step down at the start of next year.
Edwards Kicks Off Nearly $240M Campus Expansion
REAL ESTATE: Project will add 500,000 SF, jobs
Orange County’s largest publicly traded company now has the largest office development underway in the area around John Wayne Airport.
Mechanics Bank to Have 2 CEOs
Mechanics Bank (OTCBB: MCHB) announced it will have two chief executives after its acquisition of Rabobank, N.A., a subsidiary of Rabobank Group.
City of Hope Expands Irvine Plans
Duarte-based City of Hope National Medical Center has significantly boosted its planned investment to $1 billion for a new comprehensive cancer center and specialty hospital in Irvine.
Spectrum Buildings Hit Higher Gear
DEVELOPMENT: Irvine Co.’s Latest: Luxe Offices, Higher Rents
Irvine Co. is bringing some Silicon Valley chic to its latest office park in the Irvine Spectrum.
Demand for Apartment Development Remains Strong
Over 5,000 Units Underway in OC
If there’s an end in sight to Orange County’s apartment construction boom, no one told the developers.
Commercial Development Activity Ticks Up
4.2M SF in Past Year; Retail Still a Question
Office projects continued to drive commercial development in Orange County last year, and not just in the county’s largest office market.
Construction Firms Report 6% Jump
Steady Growth Expected to Continue
Revenues for Orange County’s largest commercial construction companies reached a new post-recession high last year.
SteelWave’s Two Buys Include Tricon’s New Home
REAL ESTATE: Next-door deals in Tustin; $49M
SteelWave LLC, the Foster City-based real estate investor currently heading the development of The Press creative office project in Costa Mesa, has added a pair of large buildings in Tustin—including one of the city’s recently rebuilt creative office properties—to its area portfolio.
Green Street Advisors Sold
Deal Will Support Growth At NB Firm, CEO Says
Newport Beach real estate data and analytics firm Green Street Advisors LLC is being sold to a New York private equity firm on undisclosed terms.
PIMCO Eyes Deals Across the Pond
$76M for Troubled Retail Assets in UK
Pacific Investment Management Co.’s planned $1 billion initial public offering for a new real estate investment trust has been postponed for nearly a month without word on a potential reboot, but the Newport Beach investment giant is still keeping a close eye on real estate opportunities.
